ADFD Allocated AED3.2 Billion To Support Agricultural Sector, Food Security
Rukhshan Mir (@rukhshanmir) Published September 26, 2018 | 05:15 PM
In a bid to achieve food security in developing countries and eradicate global poverty, Abu Dhabi Fund for Development, ADFD, has allocated nearly AED3.2 billion towards development projects in the agricultural and irrigation sectors.
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 26th Sep, 2018) In a bid to achieve food security in developing countries and eradicate global poverty, Abu Dhabi Fund for Development, ADFD, has allocated nearly AED3.2 billion towards development projects in the agricultural and irrigation sectors.
Representing seven percent of the total financial assistance contributed by the Fund in supporting developing countries to date, this assistance has allowed several developing countries across the world to fulfil their sustainable development objectives as 40 percent of the world's population relies on agriculture for its livelihood.
In its report marking Arab Agriculture Day, which is commemorated on 27th December every year, ADFD highlighted that the agricultural sector, which is closely associated with the growth of many other vital sectors such as health, education and environment, is one of the priority sectors identified by the United Nations towards achieving the sustainable development goals, SDGs.
Through supporting the agricultural sector, ADFD plays an important role in achieving food security that is the cornerstone of building successful economies, ensuring wide-spread social and economic development and generating additional revenues for the beneficiary countries from food and agricultural exports.
Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "ADFD has placed great importance on the agricultural sector since its inception more than four-and-a-half decades ago. Our funding efforts in this regard are focused on projects that significantly improve people's livelihood and fulfil their daily needs in terms of food and water, allowing us to eradicate poverty and create jobs for the population in developing world.
"
"The importance given to agricultural projects allows us to create safe and prosperous societies capable of achieving development in other sectors. As part of this priority, we need to step up concerted global efforts to develop more agricultural projects, reclaiming vast expanses of agricultural land and improving our irrigation systems. Doing so will allow us to support farmers and achieve food security for developing countries," Al Suwaidi added.
To date, ADFD has funded more than 20 projects in the agricultural and irrigation sectors that have touched the lives of millions of people across the developing world. Furthermore, it has actively contributed to the expansion of large swathes of agricultural land, provided effective irrigation systems, and implemented several rehabilitation programmes that benefit a growing number of farmers.
Notable among the projects funded by ADFD in the agricultural sector are the south valley development project in Egypt, integrated development of south rift valley in Jordan, irrigation system development in Western Morocco and the rural development project in Tunisia.
The international community seeks to assist developing countries in meeting the basic food needs of their population. In order for countries to achieve food security, they need to boost their food production by prioritising the agricultural sector in economic and social development programmes. In addition, the development of effective agricultural policies, utilisation of latest technologies in the investment process, and increased agricultural investment are imperative for augmenting agricultural production.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago